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Xerox Reports 4Q 2014 Earnings

Total revenue of $5.0 billion was down 3%, or 1% in constant currency

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced fourth-quarter 2014 adjusted earnings per share of 31 cents. Adjusted EPS excludes 5 cents related to the amortization of intangibles, resulting in GAAP EPS from continuing operations of 26 cents.   As previously reported, these results reflect the pending sale of the company’s ITO business to Atos, and the related presentation of the ITO business as a discontinued operation.   In the fourth quarter, total revenue of $5.0 billion was down 3%, or 1% in constant currency. Reven...

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